Employees have lunch at the canteen at Facebook’s new headquarters, designed by Canadian-born American architect Frank Gehry, at Rathbone Place in central London on December 4, 2017. DANIEL LEAL-OLIVAS | AFP | Getty Images Check out the companies making headlines after the bell: Shares of Facebook jumped 3.5% in after-hours […]
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Uber loses two more board members: Arianna Huffington and Matt Cohler
Arianna Huffington speaks onstage in “Digital Detox” on day 2 of POPSUGAR Play/Ground on June 10, 2018 in New York City. Brian Ach | Getty Images Entertainment | Getty Images Two members of Uber’s board of directors are resigning, the company announced Wednesday. Shares of Uber were down nearly half […]
If you invested $1,000 in Chipotle 10 years ago, here’s how much money you’d have now
Fast-casual chain Chipotle Mexican Grill reported blockbuster second-quarter earnings this week with the news sending its shares surging in after-hours trading. Over the last decade, the company has made investors a significant profit. Chipotle’s stock has been on an upswing recently and its shares are up 80% this year and […]
Health-tech start-up AliveCor poaches an Amazon director to be its new CEO
Priya Abani, the new CEO of AliveCor AliveCor AliveCor, a start-up building smartphone apps and devices that monitor the heart’s rhythm, has a new CEO. That’s Priya Abani, the general manager and director of Alexa at Amazon. Prior to Amazon, where she worked for over three years on device solutions […]
DOJ goes after Big Tech—here’s what 5 experts are watching now
There is now a big target on Big Tech. The Department of Justice announced a broad antitrust review of big-cap technology companies on Tuesday separate from its previously reported probe of Google parent Alphabet. The announcement weighed on shares of tech giants Facebook, Apple, Amazon and Alphabet in after-hours trading […]
Facebook says the FTC is probing it over antitrust concerns
Attendees walk past a Facebook logo during Facebook Inc’s F8 developers conference in San Jose, California, April 30, 2019. Stephen Lam | Reuters Facebook announced on Wednesday that the Federal Trade Commission has opened a new probe into the company over antitrust concerns. The disclosure came in Facebook’s latest earnings […]
Ford shares plunge after earnings fall short, 2019 forecast disappoints
Ford shares plunged Wednesday after the automaker reported second-quarter earnings that were short of expectations and issued a disappointing forecast for the year. Ford, which has slashed thousands of jobs this year, is also investing $11 billion by 2022 in electric and hybrid vehicles to try to keep pace in […]
Democratic fundraising committees decline to say whether they will donate, give back Epstein funds
Three weeks after Jeffrey Epstein was arrested on child sex trafficking charges, Democratic fundraising groups have remained silent on whether they will donate or give back contributions from the wealthy financier. Epstein started giving to these organizations just over two decades ago. He was first accused of sex crimes in […]
Mueller: Trump’s WikiLeaks praise was ‘problematic’ and gave a ‘boost’ to illegal activity
Former Special Prosecutor Robert Mueller testifies before Congress on July 24, 2019, in Washington, DC. Saul Loeb | AFP | Getty Images Former special counsel Robert Mueller on Wednesday testified that President Donald Trump’s praise for WikiLeaks during the 2016 campaign gave a “boost” to alleged “illegal activity.” WikiLeaks, the […]
Market analyst ponders whether we’ve hit ‘peak FANG, peak Pot, peak millennials’
A tourist poses with the Wall Street bull statue in the Financial District, August 21, 2018 in New York City. Drew Angerer | Getty Images If you’re tired of reading reports about millennials, new research out Wednesday may be the last you’ll have to read because it suggests this generation […]